Gas and power prices up – DMR

Gas and power prices have increased this morning, according to npower’s daily market report. The drivers include Greece and OPEC meetings tomorrow, Russia re-entering the headlines yesterday “with intense fighting in Donetsk, […]

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By Jacqueline Echevarria

Gas and power prices have increased this morning, according to npower’s daily market report.

The drivers include Greece and OPEC meetings tomorrow, Russia re-entering the headlines yesterday “with intense fighting in Donetsk, the heaviest since the Minsk agreement was signed back in February”, said Steven Walker Client Portfolio Manager.

Linepacks have opened short and LNG sendout as well as exports through the Interconnector have fallen.

Some production from Norway production is scheduled to return next week, Mr Walker added.

 

Referring to the power system, he said peak demand is expected to rise to 1GW today.

However, wind generation is predicted to fall to 1GW from 6GW at peak this week.

Solar generation is forecast to peak at 5GW.

Dutch and French interconnectors are at their maximum capacity.

The oil market is trading $64/bbl.